AML Manager (FINTRAC Reporting)

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1

The Officer is accountable for supporting oversight and governance of Canadian AML reporting to FINTRAC (Large Cash Transactions and Electronic Funds Transfers). The Officer is responsible working with all counterparts in Canada, technology, and all Lines of Businesses for AML reporting to ensure consistency and appropriate oversight is achieved. The Officer supports a high performance culture within the Enterprise AML Office and is the centre of expertise for all AML reporting to FINTRAC.

• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls
• Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities
• Leads and integrates the monitoring, measurement & reporting on the status of the financial crime risk governance program to internal & external stakeholders.
• Leads the development and maintenance of the governance system and framework.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Ensures alignment between stakeholders.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
• Leads and integrates the monitoring, measurement & reporting on the status of the financial crime risk governance program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the financial crime risk framework.
• Leads/participates in the design, implementation and management of core business/group processes.
• Administers and maintains financial crime risk program activities in adherence to all policies, procedures and established processes.
• Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.

QUALIFICATIONS:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of financial crime risk management practices.
• In-depth knowledge of the designated business / product portfolio.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge of quantitative techniques and economic capital methodologies.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls
• Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities
• Leads and integrates the monitoring, measurement & reporting on the status of the financial crime risk governance program to internal & external stakeholders.
• Leads the development and maintenance of the governance system and framework.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Ensures alignment between stakeholders.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
• Leads and integrates the monitoring, measurement & reporting on the status of the financial crime risk governance program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the financial crime risk framework.
• Leads/participates in the design, implementation and management of core business/group processes.
• Administers and maintains financial crime risk program activities in adherence to all policies, procedures and established processes.
• Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance